Official figures reflect a large increase in renting has Britons locked out of home ownership amid the tough economy. The level of homeownership has fallen to its lowest level since 1987, government figures showed today.
The vast majority of households are home owners, making up 14.39 million, but at 65.3 per cent of households this is the lowest proportion recorded since the height of the popularity of Margaret Thatcher's "right to buy policy", when council tenants were encouraged to buy their homes at a discount...............................................Full Article: Source